visitor economy
Richmond Council is assessing the viability of an Accommodation Business Improvement District and implementing its 'Culture Richmond' strategy to boost visitor economy.
A feasibility study presented to Richmond upon Thames Council's Finance, Policy and Resources Committee in September 2026 indicated that an Accommodation Business Improvement District (ABID) could generate significant annual revenue. However, the study found insufficient support from the accommodation sector to proceed to a ballot. Set-up costs for a new ABID are estimated at £10,000 plus VAT.
Richmond upon Thames Council's Environment, Sustainability, Culture and Sports Committee approved the next phase of the 'Culture Richmond' strategy in March 2026. This strategy, which aims to foster cultural offers for residents and visitors, includes the visitor economy – the economic activity generated by tourists and visitors – as a key focus area for the borough's growth.
Key facts
- An Accommodation BID feasibility study indicated potential annual revenue of £300,000 to £900,000. Source
- The Accommodation BID feasibility study found insufficient sector support to proceed to a ballot. Source
- Estimated set-up costs for a new Accommodation BID are £10,000 + VAT. Source
- Richmond Council's Environment, Sustainability, Culture and Sports Committee approved the next 'Culture Richmond' phase in March 2026. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.